Cisco EVP sells 312 shares at $110.18 each

Cisco’s EVP of Operations reported a small Rule 10b5-1 sale and share withholding for taxes tied to restricted stock units.

Rhea-AI Filing Summary

CISCO SYSTEMS, INC. (CSCO) executive Subaiya Thimaya K., EVP, Operations, reported two equity-related transactions. On September 14, 2026, he sold 312 shares of Cisco common stock at $110.18 per share in an open-market or private transaction effected pursuant to a Rule 10b5-1 plan adopted on March 17, 2026. On September 10, 2026, 409.035 shares were withheld to pay tax liabilities arising from the partial settlement of a previously reported restricted stock unit award. His reported holdings also include 3,517.977 dividend equivalents accrued on unvested restricted stock units, each economically equivalent to one share of Cisco common stock.

Insider Trade Summary 10b5-1

Net Seller: 312 shares

Net Sell 2 txns

Insider Subaiya Thimaya K.

Role EVP, Operations

Sold 312 shs ($34K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3	312	$110.18	$34K
Tax Withholding	Common Stock F1, F2	409.035	$109.43	$45K

Holdings After Transaction: Common Stock — 127,661.148 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of one (1) restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024.
2. F2. Includes 3,517.977 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
3. F3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 17, 2026

Key Figures

Shares sold: 312 shares Sale price: $110.18 per share Shares withheld for tax liability: 409.035 shares +2 more

5 metrics

Shares sold 312 shares Common stock sale on September 14, 2026

Sale price $110.18 per share Common stock sale on September 14, 2026

Shares withheld for tax liability 409.035 shares Withholding on September 10, 2026 for RSU-related tax liability

Dividend equivalents on unvested RSUs 3,517.977 equivalents Each equivalent is the economic equivalent of one Cisco common share

Rule 10b5-1 plan adoption date March 17, 2026 Plan under which the September 14, 2026 sale was effected

Key Terms

Rule 10b5-1 plan, restricted stock unit, dividend equivalents, tax liability

4 terms

Rule 10b5-1 plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 plan adopted"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

restricted stock unit financial

"partial settlement of one (1) restricted stock unit award originally"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalents financial

"Includes 3,517.977 dividend equivalents accrued on unvested restricted"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

tax liability financial

"shares withheld for payment of tax liability arising as a result"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Cisco (CSCO) report for EVP Operations Subaiya Thimaya K.?

He reported a sale of 312 Cisco common shares on September 14, 2026, at $110.18 per share, and a withholding of 409.035 shares on September 10, 2026, to pay tax liabilities from a restricted stock unit award.

Was the September 14, 2026 Cisco (CSCO) share sale under a Rule 10b5-1 plan?

Yes. The 312-share sale on September 14, 2026, was effected pursuant to a Rule 10b5-1 plan that Subaiya Thimaya K. adopted on March 17, 2026, according to the filing’s footnote.

What was the price for the Cisco (CSCO) shares sold by the EVP of Operations?

The filing reports that 312 shares of Cisco common stock were sold at a price of $110.18 per share on September 14, 2026, in an open-market or private transaction.

Why were 409.035 Cisco (CSCO) shares disposed of on September 10, 2026?

On September 10, 2026, 409.035 shares of Cisco common stock were withheld to pay tax liability arising from the partial settlement of a restricted stock unit award previously reported on a Form 3 filed March 14, 2024.

What are the dividend equivalents mentioned in the Cisco (CSCO) Form 4 filing?

The filing states that holdings include 3,517.977 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent economically equivalent to one share of Cisco common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 07:13 PM Accepted by SEC EDGAR 09/14/2026 - 07:13 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Subaiya Thimaya K.

(Last) (First) (Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/10/2026		F		409.035(1)	D	$109.43	127,973.148(2)	D
Common Stock	09/14/2026		S(3)		312	D	$110.18	127,661.148	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of one (1) restricted stock unit award originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024.

2. Includes 3,517.977 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

3. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 17, 2026

Remarks:

	/s/ Thimaya K. Subaiya by Jeremy Erickson, Attorney-in-Fact	09/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)